What You Need To Know About SR-22 Insurance
Many people today do not know what SR-22 insurance is because they have never needed it. An SR-22 is also referred to as a certificate of financial responsibility. It is important to note that SR-22 is not a type of car insurance. An SR-22 is filed by your insurance company. Insurance companies file SR-22s to show that you are financially responsible and can cover any accident you cause. You can only get an SR-22 after purchasing a car insurance cover. Getting an SR-22 is easy if you already have a car insurance coverage because all you need to do is ask them to add an SR-22 to your policy and file it with the state. It is vital that you understand not all car insurance companies can issue SR-22s, which is why you need to ask if they can before you apply for a cover.
You can buy a non-owner SR-22 insurance policy if you need an SR-22, but your current insurer does not offer it. Buying a non-owner policy is a smart move if you do not want to lose your primary insurer. A lot of people opt for non-owner policies since they have bundled coverages with their primary insurers.
SR-22 insurance is required for several reasons. Most people have filed SR-22s for driving under the influence. You will also be required to buy SR-22 insurance if you break several traffic laws in a short span. You also need to file an SR-22 with the state if you are in an accident and do not have an insurance cover. If you are arrested for driving a registered vehicle having not displayed your car insurance, you may be asked to file an SR-22. If you wish to have your driver’s license reinstated after revocation, you have to buy an SR-22 insurance cover.
An SR-22 insurance cover is important because it prevents a lapse in coverage. A lapse of your coverage will cause rates to go up, which is why you need to avoid this situation as much as possible.
SR-22 insurance is vital if you want to keep your driver’s license. The state has the power to revoke your license should you fall into the category of high-risk drivers. People enter this category for varied reasons. Some of them are, driving under the influence, breaking traffic laws, causing accidents, and many more. If you wish to get back on the road with no worries, then you need SR-22 insurance. It is important to note that different insurance companies charge differently for SR-22 insurance covers, and you should, therefore, shop around to identify the most pocket-friendly.